Dakota Wealth Management Has $794,000 Stock Holdings in Easterly Government Properties, Inc. $DEA

Key Points

• Dakota Wealth Management reduced its holdings in Easterly Government Properties by 55.9%, now owning 35,758 shares valued at $794,000.
• Multiple large investors have significantly increased their positions in Easterly Government Properties, with Millennium Management boosting its holdings by 1,759.2%.
• The company has recently faced mixed analyst ratings, with recommendations varying from "sell" to "hold", and an adjusted price target of $22.00 from Royal Bank of Canada.

Dakota Wealth Management lessened its holdings in Easterly Government Properties, Inc. (NYSE:DEA - Free Report) by 55.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,758 shares of the real estate investment trust's stock after selling 45,244 shares during the quarter. Dakota Wealth Management owned 0.08% of Easterly Government Properties worth $794,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of DEA. Millennium Management LLC boosted its holdings in shares of Easterly Government Properties by 1,759.2% in the 1st quarter. Millennium Management LLC now owns 1,000,176 shares of the real estate investment trust's stock valued at $10,602,000 after purchasing an additional 946,381 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Easterly Government Properties in the 1st quarter valued at $7,487,000. Longfellow Investment Management Co. LLC boosted its holdings in shares of Easterly Government Properties by 543.8% in the 1st quarter. Longfellow Investment Management Co. LLC now owns 703,758 shares of the real estate investment trust's stock valued at $7,460,000 after purchasing an additional 594,449 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Easterly Government Properties by 25.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,339,515 shares of the real estate investment trust's stock valued at $24,799,000 after purchasing an additional 478,037 shares in the last quarter. Finally, Gilman Hill Asset Management LLC boosted its holdings in shares of Easterly Government Properties by 42.1% in the 1st quarter. Gilman Hill Asset Management LLC now owns 980,454 shares of the real estate investment trust's stock valued at $10,393,000 after purchasing an additional 290,413 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on DEA shares. Wall Street Zen downgraded Easterly Government Properties from a "hold" rating to a "sell" rating in a report on Friday, June 6th. BMO Capital Markets raised Easterly Government Properties from a "strong sell" rating to a "hold" rating and set a $25.00 target price on the stock in a report on Wednesday, July 16th. Finally, Royal Bank Of Canada lowered their price objective on Easterly Government Properties from $27.50 to $22.00 and set an "underperform" rating for the company in a research report on Monday, June 2nd. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Easterly Government Properties has an average rating of "Hold" and an average target price of $27.15.

Easterly Government Properties Stock Up 0.4%

DEA stock opened at $22.90 on Friday. The company has a market cap of $1.04 billion, a P/E ratio of 55.86 and a beta of 0.96. Easterly Government Properties, Inc. has a fifty-two week low of $19.33 and a fifty-two week high of $36.31. The stock's 50 day simple moving average is $22.69 and its 200 day simple moving average is $22.65. The company has a debt-to-equity ratio of 1.24, a quick ratio of 3.75 and a current ratio of 3.75.

Easterly Government Properties (NYSE:DEA - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The real estate investment trust reported $0.74 EPS for the quarter, hitting the consensus estimate of $0.74. The firm had revenue of $80.37 million during the quarter, compared to the consensus estimate of $81.73 million. Easterly Government Properties had a return on equity of 1.26% and a net margin of 5.54%.The company's quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.29 earnings per share. Easterly Government Properties has set its FY 2025 guidance at 2.980-3.030 EPS. On average, research analysts expect that Easterly Government Properties, Inc. will post 1.17 earnings per share for the current fiscal year.

Easterly Government Properties Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Wednesday, August 13th were paid a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $1.80 annualized dividend and a dividend yield of 7.9%. Easterly Government Properties's dividend payout ratio is 439.02%.

Easterly Government Properties Company Profile

Easterly Government Properties, Inc NYSE: DEA is based in Washington, DC, and focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Government. Easterly's experienced management team brings specialized insight into the strategy and needs of mission-critical U.S.

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